Re: Don't invest in Scrypt miners, another high profile coin switching to new Algo.
After gamecredits marketcap tanked we noticed the profitability of Scrypt mining start declining, some more bad news, Gulden the last of the non merged mining coins that has a decent marketcap has created their own Algorithm called SIGMA which they are switching to next week.
This will ensure profits on mining pools decline further for Scrypt mining. I have managed to sell most of my hardware this last week and just kept a couple of Antminer L3+ miners to mine litecoin for future profits as it won't be worth selling now.
You have been warned, Gulden moving off Scrypt will be another death knell for scrypt miners, it's a shame because Gulden was the last Scrypt coin doing actual development.
This will ensure profits on mining pools decline further for Scrypt mining. I have managed to sell most of my hardware this last week and just kept a couple of Antminer L3+ miners to mine litecoin for future profits as it won't be worth selling now.
You have been warned, Gulden moving off Scrypt will be another death knell for scrypt miners, it's a shame because Gulden was the last Scrypt coin doing actual development.
Lol yes sound the death bells. Gulden which has a total of 300 GH/s network hash rate, and a 4 mill market cap. Thats literally 600 L3s supporting the network, or 0.1% of the Litecoin hashrate network. Even if ALL of Guldens hashrate moved to litecoin, it would barely have a statistical effect on the DAILY network variance on litecoin.
Currently you can mine almost as much Litecoin as you were pre-halving...this is the best time ever to mine scrypt coins not the other way around. I know few understand this concept though.